The Importance of Pre-Qualification
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It's important to visit with a mortgage professional early, even before you have determined what sort of house to look for. Why? What can we do for you before you have negotiated an amount, and do not yet know how much you want to borrow?
We will help you see how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through pre-qualifying. In this process, we calculate your capacity to borrow - analyzing your job, available money for down payment, debts, income, and other circumstances. It's short and to the point; We keep the paperwork to a minimum.
We give you a Pre-Qualification Letter once you qualify, which says that we're confident you'll qualify for up to a specific amount of mortgage loan dollars.
With your pre-qualification letter, a number of advantages fall at your feet when you find the home you want to put together an offer on. The first is that you can know what you will be able to afford when determining your offer.
Being pre-qualified can also make your offer look even better to the home seller, like you were bringing them a big box of cash! They won't need to be concerned that they are wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not be something for them to fret over. You will have the influence of a buyer ready to make the purchase right now!
We help with your pre-qualification
We will help you find out how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. We will achieve this by reviewing your income and debts, your employment and residence circumstances, your available funds for a down payment, required reserves, and other financial considerations. It's quick and to the point; and we take pride in keeping the paperwork light.
One on one
It's vital for you to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage loan calculators on our site. We can begin getting your pre-qualification letter. Next, we can review your mortgage program choices and make sure you are in the best one. Let us help you get started: Call us at 9094671090.
Have questions about pre-qualifying? Call us at 9094671090. Greystone Loans, Inc. answers pre-qualifying questions every day.